MGM voting pact caps IAC, Barry Diller votes above 25.73% stake level

Reuters04-08

MGM voting pact caps IAC, Barry Diller votes above 25.73% stake level

MGM Resorts entered a voting agreement on April 3, 2026 with IAC and Barry Diller covering holdings above 25.73% of MGM voting power.
IAC and Diller agreed to vote any “excess” MGM shares in proportion to votes cast by other MGM shareholders.
Restrictions end if covered entities drop below 17.5% ownership, MGM undergoes a change of control, or board fails to nominate up to two IAC-designated directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGM Resorts International published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000789570-26-000029), on April 07, 2026, and is solely responsible for the information contained therein.

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